The price of Bitcoin has reached an all-time high above $72,000.
Canadian Bitcoin (BTC) miner Bitfarms exercised an option on March 11 to purchase 28,000 Bitmain T21 ASIC miners, along with an additional 19,280 Bitmain T21 miners for $14 per terrahash (TH), 3,888 Bitmain S21 miners, and 740 Bitmain S21 hydro miners for $17.50/TH, for a total of 51,908 ASICs.
At the time of publication, each Bitmain T21 ASIC miner costs around $3,000 retail and possesses a hash rate of 190 TH/s.
Geoff Morphy, president and CEO of Bitfarms, said the company secured additional miners "before anticipated hardware price increases." He also noted that the ASICs are scheduled for delivery this year and are expected to bring the firm's total hash rate to 21 exahash per second (EH/s), or around 3% of the processing capacity of the Bitcoin network.
